Waddell & Reed Financial (United States) has made an estimated US$ 857 million available to the nuclear weapons companies listed in this report since January 2012.

Waddell & Reed Financial (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 857 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Waddell & Reed Financial

Company

Country

Total value
(US$ mln)

% Outstanding

Filing date

Boeing

United States

857

0.84

31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

Wedge Capital Management (United States) has made an estimated US$ 112 million available to the nuclear weapons companies listed in this report since January 2012.

Wedge Capital Management (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 112 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Wedge Capital Management

Company

Country

Total value
(US$ mln)

% Outstanding

Filing date

Aecom

United States

50

1.01

30-6-2015

Fluor

United States

40

0.52

30-6-2015

Moog

United States

22

0.91

30-6-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

Wellington Management (United States) has made an estimated US$ 9,016 million available to the nuclear weapons companies listed in this report since January 2012.

Wellington Management (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 8,582 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Wellington Management

Company

Country

Total value
(US$ mln)

% Outstanding

Filing date

Aecom

United States

417

8.99

31-3-2015

General Dynamics

United States

678

1.55

31-3-2015

Honeywell International

United States

2,664

3.27

31-3-2015

Jacobs Engineering

United States

100

1.79

31-3-2015

Lockheed Martin

United States

1,715

2.72

31-3-2015

Moog

United States

137

5.39

31-3-2015

Northrop Grumman

United States

694

2.30

31-3-2015

Orbital ATK

United States

73

1.61

31-3-2015

Raytheon

United States

1,754

5.29

31-3-2015

Textron

United States

351

2.86

31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

Wellington Management (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 434 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

Wells Fargo (United States) has made an estimated US$ 10,145 million available to the nuclear weapons companies listed in this report since January 2012.

Wells Fargo (United States) provided loans for an estimated amount of US$ 5,642 million to the nuclear weapon companies (see table below). The table shows all loans closed since January 2012 or maturing after August 2015.

Loans provided by Wells Fargo

Company

Total value
(US$ mln)

Est. participation of this bank
(US$ mln)

Closing date

Maturity date

Aecom

1,050

158

13-7-2011

13-7-2016

Aecom

600

40

23-9-2011

30-9-2016

Aecom

700

70

14-10-2011

19-10-2016

Aecom

1,000

100

14-10-2011

19-10-2016

Aecom

500

43

2-3-2012

2-3-2013

Aecom

750

20

7-6-2013

7-6-2018

Aecom

655

66

16-12-2013

19-12-2018

Aecom

961

96

16-12-2013

19-12-2018

Aecom

39

4

16-12-2013

19-12-2018

Aecom

1,050

105

29-1-2014

29-1-2019

Aecom

1,925

77

11-8-2014

17-10-2019

Aecom

1,188

59

11-8-2014

17-10-2021

Aecom

1,050

47

11-8-2014

17-10-2019

Aecom

500

20

11-8-2014

17-10-2019

Aerojet Rocketdyne

50

10

18-11-2011

18-11-2016

Aerojet Rocketdyne

150

30

18-11-2011

18-11-2016

Aerojet Rocketdyne

50

13

16-8-2012

16-8-2017

Aerojet Rocketdyne

100

13

30-5-2014

30-5-2019

Aerojet Rocketdyne

200

27

30-5-2014

30-5-2019

Babcock & Wilcox

700

70

22-5-2012

8-6-2017

Babcock & Wilcox

500

40

11-5-2015

11-5-2020

Babcock & Wilcox

400

32

11-5-2015

11-5-2020

Babcock & Wilcox

600

48

11-5-2015

11-5-2020

BAE Systems

3,161

132

8-12-2010

8-12-2015

BAE Systems

3,269

131

12-12-2013

12-12-2018

Boeing

2,300

42

5-11-2011

10-11-2016

Boeing

2,473

125

23-9-2014

15-10-2015

Boeing

2,473

125

23-9-2014

16-10-2019

CH2M Hill

600

120

6-12-2010

7-12-2015

CH2M Hill

900

135

19-4-2012

19-4-2017

CH2M Hill

1,100

220

22-3-2014

30-1-2019

General Dynamics

1,000

80

14-7-2011

14-7-2016

General Dynamics

1,000

125

21-6-2013

21-6-2018

Honeywell International

2,800

62

17-3-2011

31-3-2016

Honeywell International

4,000

73

18-11-2013

10-12-2018

Honeywell International

4,000

480

30-6-2015

10-7-2020

Huntington Ingalls Industries

489

49

23-9-2013

6-11-2018

Huntington Ingalls Industries

650

65

23-9-2013

6-11-2018

Huntington Ingalls Industries

1,250

125

13-7-2015

13-7-2020

Jacobs Engineering

1,160

155

23-3-2012

23-3-2017

Jacobs Engineering

1,140

152

7-2-2014

7-2-2019

Jacobs Engineering

460

61

7-2-2014

7-2-2019

Jacobs Engineering

460

61

5-3-2015

5-3-2020

Jacobs Engineering

1,140

152

5-3-2015

5-3-2020

Lockheed Martin

1,500

120

26-8-2011

26-8-2016

Lockheed Martin

1,500

85

14-8-2014

14-8-2019

Moog

900

49

18-3-2011

18-3-2016

Moog

900

70

28-3-2013

28-3-2018

Moog

1,100

110

22-5-2014

22-5-2019

Northrop Grumman

575

58

31-3-2011

24-1-2017

Northrop Grumman

650

65

31-3-2011

24-1-2016

Northrop Grumman

1,500

150

8-9-2011

8-9-2016

Northrop Grumman

500

50

18-8-2012

3-9-2013

Northrop Grumman

1,775

355

29-8-2013

29-8-2018

Northrop Grumman

1,600

320

19-6-2015

8-7-2020

Orbital ATK

400

32

9-9-2010

7-10-2015

Orbital ATK

600

48

9-9-2010

7-10-2015

Orbital ATK

200

20

3-9-2012

3-9-2017

Orbital ATK

250

25

8-10-2013

1-11-2020

Orbital ATK

1,010

67

8-10-2013

1-11-2018

Orbital ATK

700

47

8-10-2013

1-11-2018

Orbital ATK

150

15

24-6-2014

24-12-2018

Textron

1,000

75

30-9-2013

4-10-2018

Textron

500

25

23-1-2014

23-1-2019

Source: Thomson ONE Banker, “Loans”, viewed in August 2015.

Wells Fargo (United States) underwrote bond issuances for an estimated amount of US$ 1,541 million to the nuclear weapon companies since January 2012 (see table below).

Underwriting of bond issuances by Wells Fargo

Company

Total value
(US$ mln)

Est. participation of this bank
(US$ mln)

Issue date

Maturity date

Aecom

400

100

8-3-2012

1-4-2017

Aecom

600

150

8-3-2012

1-4-2022

Aecom

800

80

17-9-2014

15-10-2022

Aecom

800

80

17-9-2014

15-10-2024

Aerojet Rocketdyne

460

115

18-1-2013

15-3-2021

Boeing

350

10

30-4-2013

15-11-2018

Boeing

300

15

28-10-2014

30-10-2021

Boeing

300

9

28-10-2014

30-10-2024

Boeing

250

9

28-10-2014

30-10-2017

Boeing

250

6

18-2-2015

1-3-2025

Boeing

250

8

18-2-2015

1-3-2035

Boeing

250

12

18-2-2015

1-3-2045

Fluor

500

18

18-11-2014

15-12-2024

General Dynamics

900

90

1-11-2012

15-11-2017

General Dynamics

1,000

100

1-11-2012

15-11-2022

General Dynamics

500

50

1-11-2012

15-11-2042

Honeywell International

300

10

18-11-2013

1-12-2023

Honeywell International

700

23

18-11-2013

17-11-2015

Huntington Ingalls Industries

600

60

17-11-2014

15-12-2021

Lockheed Martin

750

60

12-2-2015

1-3-2025

Lockheed Martin

500

40

12-2-2015

1-3-2035

Lockheed Martin

1,000

80

12-2-2015

1-3-2045

Moog

300

23

18-11-2014

1-12-2022

Northrop Grumman

850

57

28-5-2013

1-6-2018

Northrop Grumman

1,050

70

28-5-2013

1-8-2023

Northrop Grumman

950

63

28-5-2013

1-6-2043

Northrop Grumman

600

24

3-2-2015

15-4-2045

Orbital ATK

300

50

22-10-2013

1-10-2021

Raytheon

1,100

60

27-11-2012

15-12-2022

Raytheon

300

8

24-11-2014

15-12-2024

Raytheon

300

8

24-11-2014

15-12-2044

Textron

250

19

23-1-2014

1-3-2021

Textron

350

26

23-1-2014

1-3-2024

Textron

350

10

23-10-2014

1-3-2025

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed in August 2015.

Wells Fargo (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 2,946 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Wells Fargo

Company

Country

Total value
(US$ mln)

% Outstanding

Filing date

Boeing

United States

914

0.90

31-3-2015

Fluor

United States

68

0.83

31-3-2015

General Dynamics

United States

613

1.40

31-3-2015

Honeywell International

United States

464

0.57

31-3-2015

Huntington Ingalls Industries

United States

233

3.47

31-3-2015

Jacobs Engineering

United States

58

1.04

31-3-2015

Lockheed Martin

United States

390

0.62

31-3-2015

Northrop Grumman

United States

168

0.56

31-3-2015

Orbital ATK

United States

37

0.81

31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

Wells Fargo (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 16 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

Western & Southern Financial (United States) has made an estimated US$ 183 million available to the nuclear weapons companies listed in this report since January 2012.

Western & Southern Financial (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 183 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

Westfield Capital Management Company (United States) has made an estimated US$ 108 million available to the nuclear weapons companies listed in this report since January 2012.

Westfield Capital Management Company (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 108 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Westfield Capital Management Company

Company

Country

Total value
(US$ mln)

% Outstanding

Filing date

Textron

United States

108

0.88

31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

Westpac Banking (Australia) has made an estimated US$ 463 million available to the nuclear weapons companies listed in this report since January 2012.

Westpac Banking (Australia) provided loans for an estimated amount of US$ 463 million to the nuclear weapon companies (see table below). The table shows all loans closed since January 2012 or maturing after August 2015.

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

William Blair & Company (United States) has made an estimated US$ 16 million available to the nuclear weapons companies listed in this report since January 2012.

William Blair & Company (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 16 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by William Blair & Company

Company

Country

Total value
(US$ mln)

% Outstanding

Filing date

Moog

United States

16

0.68

30-6-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

William Blair & Company invests your money in nuclear weapon producers. Tell them to divest!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

Winslow Asset Management (United States) has made an estimated US$ 21 million available to the nuclear weapons companies listed in this report since January 2012.

Winslow Asset Management (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 21 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Winslow Asset Management

Company

Country

Total value
(US$ mln)

% Outstanding

Filing date

Aerojet Rocketdyne

United States

21

1.62

30-6-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

Woodford Investment Management (United Kingdom) has made an estimated US$ 617 million available to the nuclear weapons companies listed in this report since January 2012.

Woodford Investment Management (United Kingdom) owns or manages shares of the nuclear weapon companies for an amount of US$ 617 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Woodford Investment Management

Company

Country

Total value
(US$ mln)

% Outstanding

Filing date

BAE Systems

United Kingdom

583

2.41

19-1-2015

Serco

United Kingdom

34

1.52

11-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

Woodmen of the World Life Insurance Society (United States) has made an estimated US$ 79 million available to the nuclear weapons companies listed in this report since January 2012.

Woodmen of the World Life Insurance Society (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 79 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

Hall of Shame Methodology

Which financial institutions are involved in the financing of the selected nuclear weapon companies was researched using annual reports, stock exchange filings and other publications of the companies concerned, archives of trade magazines, local newspapers and the financial press as well as specialized financial databases (Thomson ONE, Bloomberg). Used resources are clearly mentioned.

Financial institutions can be involved in financing companies by providing corporate loans, by assisting companies with share- and bond issues, and by (managing) investments in shares and bonds of these companies. For asset managers and pension funds, the only relevant type of financial involvement is (managing) share- and bondholdings of the selected companies.

In this report, we have focussed on the financial institutions which are found to have most significant financing relationships with one or more of the selected nuclear weapon companies. To select these financial institutions, the following criteria are used:

All financial institutions involved in loans and underwriting deals for one or more of the companies since 1 January 2011;

All financial institutions which own at least 0.5% of the outstanding shares or bonds of at least one of the companies.

What is included

Each section provides the following information for each financial institution:

The types of financial relations which the financial institution has with one or more nuclear weapon companies. The relations are grouped by loans, investment banking and asset management. Financial activities are listed alphabetically by nuclear weapons company for each category.

The name of the receiving company, the amount, the date and (if known) the purpose for each financial relation.

All data is presented in tables. For loans, the first column represents the names of the selected companies that received the loans, the second column shows which subsidiary or part of the selected company has issued the loan. The third column is the purpose of the loan. The fourth column (# FI’s), shows the number of financial institutes participating in loans as loans are often offered by a syndicate of financial institutions. The fifth column represents the value of the total loan offered by the syndicate to the company. The sixth column is the amount for which this specific financial institute participated in the loan. This amount is calculated depending on the role the financial institute plays in the syndicate, as explained below. The last column shows the date the loan was issued.

The tables for underwriting of share and bond issuances have the same columns. The method for calculating these the value per financial institute can be below.

The tables for share and bondholdings managed by the financial institutions show the nuclear weapon producing companies, the country in which this company is situated, the percentage of all bonds or shares outstanding hold or managed by the specific institution, and the total value of the shares or bonds held by the financial institution in the indicated company.

When comparing this report with last years report please keep in mind that we have excluded some Indian sources due to recently identified errors in the Bloomberg databases regarding Indian Mutual Funds.

The financial institutions identified include banks, pension funds, sovereign wealth funds, insurance companies and asset managers from many different countries. They have provided various types of financial services to nuclear weapon companies.

About PAX

PAX works together with committed citizens and partners to protect civilians against acts of war, to end armed violence, and to build a just peace.
www.paxforpeace.nl

ABOUT THIS PROJECT

Don't Bank on the Bomb identifies both financial institutions that invest heavily in companies involved in nuclear weapon programmes and those that have policies limiting or prohibiting such investments.